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NMGS Warns Nigeria Losing Billions to Illegal Mining

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The Nigerian Mining and Geosciences Society (NMGS) warns Nigeria loses billions daily to illegal mining, urging stricter regulation, ethical practices, and sustainable resource management

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The Nigerian Mining and Geosciences Society (NMGS) has raised alarms over the billions of naira lost daily to illegal mining activities across Northern Nigeria and other regions.

Also read: Segilola Resources Champions Ethical Sourcing in Mining

National President Rose Ndong highlighted that overreliance on crude oil has limited investment in solid minerals and agriculture, forcing some licensed operators to compromise and engage in unauthorized extraction.

She called for stricter regulation, enforcement of ethical standards, and effective oversight to restore order in the sector.

Ndong spoke during the 261st National Conference of NMGS in Uyo, Akwa Ibom, themed “Optimising Efficiency, Sustainability and Resilience in Resources Management and Infrastructure Development.”

The event will showcase Nigeria’s geo-tourism potential, sustainable infrastructure projects, and the state’s rich mineral and water resources, promoting investment, job creation, and climate-resilient development.

Also read: ‎Okpella Crisis: Ukhomuyio Concerned Citizens Reject ‘Rotational Monarchy’, Laud DSS and Edo Governor

She commended Governor Umo Eno for his leadership under the ARISE Agenda and described the conference as a strategic step toward positioning Akwa Ibom as a geo-economic hub in the Niger Delta, while advocating mandatory geo-scientific assessments for infrastructure planning.

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NNPC Records ₦7.2tn Profit as Tinubu Receives 2025 Report

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Tinubu

Tinubu receives NNPC’s 2025 audited report as profit after tax rises 33% to ₦7.2tn, with revenue reaching ₦34.5tn and dividend at ₦5.8tn (more…)

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AICL GMD Tamuno Seeks Stronger Diaspora Investment

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AICL GMD Maureen Tamuno calls for stronger diaspora investment in Africa through trust, transparency, skills transfer and sustainable partnerships

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Bold ’98 Irish Whiskey enters Nigerian market with vibrant retro launch party

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Bold ’98

Bold ’98 Irish Whiskey enters Nigeria with a vibrant Lagos launch, blending Irish heritage, cocktails, food, music and a retro-themed celebration (more…)

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